Short Term Funding Needed for Investment Property Acquisition in East London

Gross Loan Amount: £250,000

Market Value: £360,000

LTV: 70%

No Penalty for Early Repayment

Initial Circumstance

Client required funds fast for the acquisition of a Buy To Let property. They had paid a deposit, were struggling to find suitable finance within the time constraints and there was a risk of losing the property to higher bidders

MFS Solution

To avoid losing the property, MFS selected the valuer with the earliest availability. With the additional support of our solicitors, we were able to meet the deadline and make sure the client did not lose their deposit. The exit strategy was through long term refinancing once the property was acquired.

The Benefits

Client was pleased as had acquired a magnificent property at a very competitive price. They didn’t lose their deposit and were left with zero risk of penalty costs.

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